this post was submitted on 10 Jan 2026
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Donald Trump has asked for at least $100bn (£75bn) in oil industry spending for Venezuela, but received a lukewarm response at the White House as one executive warned the South American country was currently "uninvestable".

Bosses of the biggest US oil firms who attended the meeting acknowledged that Venezuela, sitting on vast energy reserves, represented an enticing opportunity.

But they said significant changes would be needed to make the region an attractive investment. No major financial commitments were immediately forthcoming.

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[–] innermachine@lemmy.world 2 points 10 hours ago* (last edited 10 hours ago)

No kidding some days I want to put a sign in my front yard labor free oil changes so I can sift the waste oil and burn it like we do at the shop. I live in the mountains so the heat pump does not work well through most of the winter, but I do have a ac/heat pump mini split and in my small home on the chilly seasons abutting winter it can work well instead of the oil but once were buried in snow im back on the petroleum. This summer I plan on having a good pellet stove installed as I need chimney repair anyhow, my friend had offset almost half his oil usage going that route.